Respondent agrees to pay civil money penalty assessed by the FDIC in the amount of $633.In the Matter of UNION STATE BANKCARRIZO SPRINGS, TEXAS
(Insured State Nonmember Bank)STIPULATION ANDCONSENT ORDER TO PAYCR-96-9604-014
Subject to the acceptance of this STIPULATION AND CONSENT ORDER TO PAY ("CONSENT ORDER"), by the Federal Deposit Insurance Corporation ("FDIC"), it is hereby stipulated and agreed between a representative of the Legal Division of the FDIC and Union State Bank, Carrizo Springs, Texas ("Bank"), as follows:

1. The Bank, without admitting or denying liability in this action, agrees to the
{{7-31-98 p.C-4538}}issuance of this CONSENT ORDER by the FDIC, assessing a civil money penalty pursuant to section 7(a)(1) of the Federal Deposit Insurance Act ("Act"), 12 U.S.C. § 1817(a)(1), in the amount of $633 against the Bank, related to its filing of the December 31, 1996 Consolidated Reports of Condition and Income.
2. This CONSENT ORDER shall become effective upon its issuance by the FDIC, and fully enforceable by the FDIC pursuant to the provisions of section 8(i) of the Act, 12 U.S.C. § 1818(i), subject only to the provisions of paragraph 3 set forth herein.
3. In the event the FDIC accepts and issues this CONSENT ORDER, it is agreed:
(a) No action will be taken to enforce said CONSENT ORDER in the appropriate United States District Court unless the Bank has failed to comply with the provisions of this CONSENT ORDER;
(b) The FDIC will not take any additional enforcement action against the Bank or any of its directors and officers or affiliated persons based solely upon the late filing of the Bank's December 31, 1996 Consolidated Reports of Condition and Income; and
(c) This CONSENT ORDER will not be the exclusive basis of any adverse finding in connection with any future application by the Bank before the Federal Deposit Insurance Corporation and will not be the basis for denial of any such application.
4. The Bank agrees to pay the civil money penalty of $633 in the form of a check, payable to the Treasurer of the United States, contemporaneously with its execution of this CONSENT ORDER.
5. The Bank hereby waives:
(a) Its right to the issuance of a formal NOTICE OF ASSESSMENT OF CIVIL MONEY PENALTY, FINDINGS OF FACT, AND CONCLUSIONS OF LAW ("NOTICE OF ASSESSMENT"), detailing the alleged charges giving rise to the assessment of a civil money penalty, and a NOTICE OF HEARING;
(b) All defenses in this proceeding;
(c) The filing of FINDINGS OF FACT AND CONCLUSIONS OF LAW;
(d) A hearing for the purpose of taking evidence on the allegations set forth in the NOTICE OF ASSESSMENT;
(e) A recommended decision by an Administrative Law Judge; and
(f) Exceptions and briefs with respect to such recommended decision.